Investing on gold in Thailand
Do you want investments that surely have a return? Why not try investing on gold. Accordingly the price of gold continue to appreciate in the recent times, so many expect this to continue and they say it the time to buy gold bullion. The reason for this is that gold is diminishing in some parts of the world. As the price of gold continue to surge you can use this opportunity to invest on gold trading market like in Thailand. Gold exchange-traded funds (ETFs) will soon be hitting the Thailand stock market thanks to the recent approval by The Capital Market Supervisory Board. The board oversees all rulemaking for the Thai capital market. They agreed last month to permit two different types of gold ETFs into the market. The two types will be: ETF feeder fund investing in an overseas gold fund and an ETF directly investing in gold bullion in the local market. There will be rules and regulations for both.
Overseas investments will require permission from the Bank of Thailand and the structure would be quite similar to gold foreign investment funds that are already available. Meanwhile, a local ETF investment in bullion would be required to set purity standards and designate an overseer of physical holdings of the fund.
The Securities and Exchange Commission is expected to work with the Stock Exchange of Thailand to assist in educating local investors. What are you waiting for? Invest on gold now.
